Just anyone i know who's joined MLM never became rich off of it. Infact most, if not all didn't even see their investment returned 100%.
You and I have also been victims at one point of time, and we now hate anyone persuading us to join their network of users where they eventually want you sell their products or services.
After our disappointments (and I dont think existing MLM companies have good retention rate of members) why would new companies still opt to market their products this way? has anyone ever been successful at it?
2006-07-27 20:58:51 · 9 answers · asked by daddygo 2 in Business & Finance ➔ Advertising & Marketing
MLM is also known as a pyramid scam. The people on the bottom make money for those above. The only way to make money is to have many people below yourself making money for you.
Out of all the people who do MLM I bet only 1% or less actually make money at it. Keep in mind, if it sounds to good and to easy to be true it probably is.
If you had a brilliant money making idea would you give that idea to others? Or course not. The only way to make money is to sell the idea, not the actual products.
Sorry
2006-07-27 21:07:20 · answer #1 · answered by Jon H 5 · 0⤊ 0⤋
Yes, I have friends who have been very successful in MLM businesses. Most people think they are going to get rich fast without putting in a lot of effort. If the company has a good product that everyone wants and the product will deliver the results promised, the key to making millions is getting in early when the company is still at the beginning stages, and working hard everyday to promote the business. With continuous effort, patience and perseverance, by the time the company's product hits critical mass, your efforts will start paying off and you will be glad you worked hard. My friends have just introduced me to a new MLM company that started in November 2005, (smoothdriving.myffi.biz) the product has global appeal and is still in the early stages. The response was overwhelming and this created a lot of back orders. But they are now caught up in the US and almost up to date with shipping overseas. They are already shipping to 90 countries. I am doing everything I can to promote this and I am already seeing the benefits.
2006-07-30 15:52:12 · answer #2 · answered by Phippi 1 · 0⤊ 0⤋
It is not being a sucker or a vcitim. The problem when people get into mlm is that they do not try, they just give up. Or, people who do get into it find a product they do not like or believe in. I am in what one would call an mlm. I do not look at it like that. I am really in the business of getting out a service that people need and do not think they can afford and also helping people get into a business and become successful. I am with a great company, that gives out rewards from the bottom up and the people are all positive. Companies keep doing it because there are a lot who are successful. I have met a lot of people who are millionaires or 6 figure income people and I knwo I wil be at the top with them. If you really want to do a business, you need to get into something you believe in. I am successful in it and I continue to be.
2006-07-28 00:34:15 · answer #3 · answered by gatorgirl 5 · 0⤊ 0⤋
MLM works just fine...it is the people who fail because they think they can get rich overnight...that will never happen because most people quit when they don't get rich overnight....but, I am here to tell you that if you do a little a lot, you can make thousands. I know this because I have done it for the past seven years.
Also you must find someone to mail cheaply for you..and use good mailings lists....mailing at a cost of 39 cents a pop will run you into the ground at no time...so, yes, you can make thousands, and I have done it...but, if you think you can join any program and just mail a few for 39 cents a piece, you will fail...
You must find a source to mail out for you for pennies on the dollar, stay with it and yes, you can make thousands also.
some excellent programs with mailings sources for pennies on the dollar are
www.sessuccessteam.com/212.htm
www.stampmaximizer.com/51553.htm
www.calagraphics.com/d411.htm
www.ramtechusa.net/3567.htm
and
kenhess.dac-leads.com
Best source of mailings lists is www.primechoicelists.com DEPT 5491....
If you order the above mailing list, my upline sponsor can mail any of the above programs for you FREE....
His phone is 240-529-6786, and his email is hesscham@aol.com
2006-07-28 00:40:49 · answer #4 · answered by steveb17263 1 · 0⤊ 0⤋
Well... There is a sucker born every day... I was in a MLM for a while and did decent on one of them.... the others I tried did not pan out... I prefer not to get involved in them anymore.
2006-07-27 21:01:48 · answer #5 · answered by barbaradjt 5 · 0⤊ 0⤋
·Hey, today there are many ways in which you can work from home and work online part/full time on your computer and earn extra money without being duped by frauds and scams–
Online data entry,
Medical/general transcription,
write articles,
Translation and proof reading,
sell on eBay,
make a website,
take surveys..
and much much more..and all of these options do not need any kind of investment ever!!!
There are international positions-ANYONE FROM ANYWHERE IN WORLD CAN DO MANY INVESTMENT FREE JOBS!
REMEMBER-ANY COMPANY THAT ASKS YOU TO PAY FOR A JOB IS A SCAM!
more details at-
http://www.pcworkathome.net
2006-07-27 21:12:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you can only win in MLM if you are at the top of the pyramid. so what are you waiting for? start your own MLM company now!
2006-07-27 22:09:34 · answer #7 · answered by J 4 · 0⤊ 0⤋
u can add me in your list. this thing never worked for me either. but the company to which i signed up must be making good profits out of it as there is one or the other who buys their products.
2006-07-27 21:06:37 · answer #8 · answered by nitin b 1 · 0⤊ 0⤋
It's a joke and a bunch of us have suffered being involved in it. It's a total scam, but it works....unfortunately. Vector is one company that's terrible - their stupid knives!
2006-07-28 13:49:17 · answer #9 · answered by Intuitive M 2 · 0⤊ 0⤋